Borealis Foods Balance Sheet Health
Financial Health criteria checks 0/6
Borealis Foods has a total shareholder equity of $5.1M and total debt of $44.8M, which brings its debt-to-equity ratio to 883.4%. Its total assets and total liabilities are $61.9M and $56.8M respectively.
Key information
883.4%
Debt to equity ratio
US$44.78m
Debt
Interest coverage ratio | n/a |
Cash | US$721.54k |
Equity | US$5.07m |
Total liabilities | US$56.84m |
Total assets | US$61.91m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BRLS's short term assets ($13.4M) do not cover its short term liabilities ($30.3M).
Long Term Liabilities: BRLS's short term assets ($13.4M) do not cover its long term liabilities ($26.5M).
Debt to Equity History and Analysis
Debt Level: BRLS's net debt to equity ratio (869.1%) is considered high.
Reducing Debt: Insufficient data to determine if BRLS's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BRLS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BRLS has less than a year of cash runway if free cash flow continues to grow at historical rates of 14% each year.